LG Chem and Versalis enter Europe with metallocene LLDPE

7:46 AM MDT | October 24, 2013 | Natasha Alperowicz

Versalis (Milan), the chemical subsidiary of ENI (Rome); and LG Chem (Seoul) today announced the signing of a memorandum of understanding (MOU) to establish a strategic alliance. The MOU, signed in Milan by LG Chem’s CEO Jin-Soo Park and Versalis CEO Daniele Ferrari, calls for the partnership to enter the European metallocene-based linear low-density polyethylene (LLDPE) market. Under the terms of the deal, LG Chem will supply Versalis with metallocene LLDPE for sale in Europe. The market development agreement is expected to pave the way for...